DT Midstream (NYSE:DTM) Price Target Raised to $92.00 at Barclays

DT Midstream (NYSE:DTM - Free Report) had its price objective boosted by Barclays from $85.00 to $92.00 in a research note released on Monday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus lowered shares of DT Midstream from a "buy" rating to a "hold" rating and increased their price target for the company from $78.00 to $89.00 in a research report on Wednesday, October 30th. Citigroup raised their price target on shares of DT Midstream from $62.00 to $76.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upped their price objective on DT Midstream from $78.00 to $83.00 and gave the company a "neutral" rating in a research note on Friday, October 4th. Wells Fargo & Company boosted their target price on DT Midstream from $87.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Morgan Stanley increased their price target on DT Midstream from $82.00 to $92.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, DT Midstream presently has an average rating of "Hold" and a consensus target price of $81.25.

DT Midstream Stock Up 1.0 %

Shares of DTM stock traded up $0.91 on Monday, hitting $89.87. The stock had a trading volume of 480,363 shares, compared to its average volume of 641,416. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.84. The business has a 50 day moving average of $81.36 and a 200 day moving average of $73.46. DT Midstream has a 12-month low of $51.17 and a 12-month high of $91.50. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 21.64 and a beta of 0.71.

DT Midstream (NYSE:DTM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.05). The business had revenue of $248.00 million for the quarter, compared to analysts' expectations of $242.64 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same period in the previous year, the business posted $0.94 earnings per share. As a group, analysts expect that DT Midstream will post 3.96 EPS for the current year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream's payout ratio is 71.53%.

Hedge Funds Weigh In On DT Midstream

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in DT Midstream by 76.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 759 shares of the company's stock worth $46,000 after acquiring an additional 330 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in DT Midstream by 8.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,596 shares of the company's stock worth $403,000 after buying an additional 537 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of DT Midstream in the 1st quarter worth $284,000. Texas Permanent School Fund Corp raised its position in shares of DT Midstream by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 84,868 shares of the company's stock valued at $5,185,000 after buying an additional 1,158 shares in the last quarter. Finally, TFG Advisers LLC lifted its holdings in shares of DT Midstream by 5.6% during the 1st quarter. TFG Advisers LLC now owns 5,688 shares of the company's stock worth $348,000 after acquiring an additional 304 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

About DT Midstream

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.